The global strapping machine market is expected to reach USD
6.4 billion by 2025, growing at a CAGR of 4.9%, according to a new report by
Grand View Research, Inc. Globally increasing demand from Asia Pacific region
has been a major factor driving market growth. In addition, significant growth
in various application industries such as food & beverage, packaging, and
consumer goods is further boosting the market growth.
Strapping machines are extensively used in the
packaging industry for the strapping or wrapping of goods as packages held
tight & together have a longer shelf life. Growing need for safe shipping
of the various products from applications such as food & beverages,
consumer appliances, household appliances, newspaper and other merchandises
goods are fueling the demand for the strapping machines over the forecast
period.
Semi-automatic was the largest category in 2016 and
the trend is expected to continue over the forecast period. Semi-automatic
strapping machines are extensively used owing to its reduced maintenance cost,
adjustable height, strap variety, and high tension control.
Asia Pacific is expected to continue its domination
over the forecast period primarily driven by the presence of major economies
such as India, China, Japan, and others. Asia Pacific expected to experience
the fastest growth over the forecast period with an estimated CAGR of 5.6% from
2017 to 2025.
Full
Research Report On Global Strapping Machine Market By Grand View
Research:
www.grandviewresearch.com/industry-analysis/strapping-machine-market
www.grandviewresearch.com/industry-analysis/strapping-machine-market
Further
key findings from the study suggest:
- Globally, polypropylene (PP) as a strapping
material is projected to experience significant growth in terms of revenue
growing at a rate of 5.5% between 2017 and 2025. The growth can be
attributed to rising demand from the packaging industry and growing need
for increasing shelf life of goods.
- Asia Pacific accounted for the largest market
in 2016 with an estimated revenue of USD 1.4 billion and the growth is
expected to be fueled significantly owing to the presence of major
economies such as India, China, and Japan. China held the largest market
share in 2016 and is expected to witness higher growth rate for strapping
machines due to increasing purchasing power parity and growing packaging
industry.
- Key players in the market includes Dynaric
Inc., Samuel Strapping Systems, Signode Packaging Systems Corporation,
Fromm Holdings AG, Messersì Packaging S.r.l., Mosca GmbH, Polychem
Corporation, MJ Maillis S.A., StraPack Inc., Strapex Group, Transpak
Equipment Corp., and others. The major players in the market are working
together to form joint venture, partnerships, collaborations which would
enable them to maintain the market share over the forecast period.
Browse
More Reports Of This Category By Grand View Research:
www.grandviewresearch.com/industry/emerging-and-next-generation-technologies
www.grandviewresearch.com/industry/emerging-and-next-generation-technologies
Grand View Research has segmented the global strapping machine market
based on product, material, application and region:
Strapping
Machine Product Outlook (Revenue, USD Million; 2014 - 2025)
- Semi-automatic
- Automatic
- Fully
automatic
Strapping
Machine Material Outlook (Revenue, USD Million; 2014 - 2025)
- Steel
- Polypropylene
- Polyester
Strapping
Machine Application Outlook (Revenue, USD Million; 2014 - 2025)
- Food
& beverage
- Consumer
electronics
- Household
appliances
- Newspaper
& graphics
- Others
Strapping
Machine Regional Outlook (Revenue, USD Million; 2014 - 2025)
- North
America
- U.S.
- Europe
- UK
- Germany
- Asia
Pacific
- China
- India
- Japan
- Central
& South America
- Brazil
- Middle
East & Africa
Access
Press Release Of This Research Report By Grand View Research:
www.grandviewresearch.com/press-release/global-strapping-machine-market
www.grandviewresearch.com/press-release/global-strapping-machine-market
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and fact-based
research across a range of industries, from technology to chemicals, materials
and healthcare.
For More
Information: www.grandviewresearch.com
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